Finance News Network

News by Anna Napoli

Anna Napoli

Finance News Network

TPG drops mobile network rollout over Huawei ban

29 Jan 2019 - TPG Telecom's (ASX:TPM) plan to build Australia's mobile network has come to an end due to the Government's ban on using 5G equipment from Chinese company Huawei.

Incitec Pivot flags $45m loss from plant outages

29 Jan 2019 - Industrial explosive's maker, Incitec Pivot (ASX:IPL) says unplanned outages at two of its plants are expected to impact its earning by around 45 million.

Wall Street drops on earnings results: Aus shares to open lower

29 Jan 2019 - Australian shares look set to open lower this morning following sharp falls across the US market overnight. Stocks dropped after weaker-than-expected quarterly earnin…

MC Mining Second-Quarter Coal Production Down 20%

29 Jan 2019 - Coal miner, MC Mining (ASX:MCM) says coal production fell 20 per cent in the second quarter, however the miner expects a pick-up in the coming months.

Synlait drops milk price forecast

29 Jan 2019 - New Zealand Dairy company, Synlait Milk (ASX:SM1) has dropped its 2018-19 milk price forecast from $6.75 to $6.25.

AUB Group appoints former Cover-More Chief to top job

24 Jan 2019 - AUB Group (ASX:AUB) has appointed former Cover-More CEO, Mike Emmett to the top job.

Santos delivers Q4 record results

24 Jan 2019 - Santos (ASX:STO) has delivered record quarterly sales revenue of over $1 billion and record quarterly LNG sales revenue of $449 million.

Oz Minerals Q4 copper production dips

24 Jan 2019 - Oz Minerals (ASX:OZL) says its Quarter 4 copper output slipped 1.4 per cent on the prior corresponding period to 29 482 tonnes.

Coles $146m provision for supply chain upgrades

24 Jan 2019 -Coles (ASX:COL) will make a $146 million pre-tax provision in its first-half results as it moves to modernise its supply chain network.

Aus shares to open flat: Wall Street earnings ease investor fears

24 Jan 2019 - The Australian sharemarket looks set to open flat this morning following a rocky session on Wall Street. Bathurst Resources (ASX:BRL) has again bumped up its earnings…

Golden Investments fails to win bid for Stanmore Coal

24 Jan 2019 - Golden Investments says it holds 25.5 percent of the Stanmore Coal (ASX:SMR) , despite the failure of a $240 million takeover bid.

Tungsten to resubmit approval applications for Mt Mulgine

24 Jan 2019 - Tungsten Mines (ASX:TGN) has withdrawn its application for regulatory approval for its Mt Mulgine project.

Van Gough infill project lifts Santos oil production

22 Jan 2019 - Santos (ASX:STO) has today announced first oil from the Van Gough infill project.

AusCann Joint Venture commences first cultivation

22 Jan 2019 - Medical cannabis company, AusCann (ASX:AC8) says its DayaCann joint venture is set to kick off its third party cannabis cultivation with Canadian medical cannabis com…

Oil Search posts 6 per cent jump in Quarter 4 revenue

22 Jan 2019 - Oil and gas explorer Oil Search (ASX:OSH) says its fourth-quarter revenue jumped 6 per cent to US$503 million as a rise in sales helped to offset weaker oil prices.

Former Pacific Brands executive is new Super Retail CEO

22 Jan 2019 - Super Retail Group (ASX:SUL) has promoted the head of its outdoor retailing business to the top job.

Genesis electricity sales up 4.7% QoQ

22 Jan 2019 - New Zealand electricity and gas company, Genesis Energy (ASX:GNE) has released its FY19 Q2 performance summary with total electricity sales up 4.7 per cent when compa…

Production outages cost BHP US$600m

22 Jan 2019 - BHP (ASX:BHP) says productivity for the December 2018 half has been impacted by unplanned production outages at Olympic Dam, Spence and Western Australia Iron Ore wit…

Australian shares set for flat start: IMF issues global economy warning

22 Jan 2019 - The local share market is set to open without much momentum this morning. MOD Resources (ASX:MOD) has successfully raised $10 million through an oversubscribed placem…

Ausdrill secures $171 million mining services contract

dd Mmm 2019 - Ausdrill (ASX:ASL) has won a number of mining services contracts in Western Australia worth $171 million.

EML launches payments card with PointsBet in New Jersey

21 Jan 2019 - Payment Solutions Company EML Payments (ASX:EML) has launched a branded payments card program with PointsBet USA in the state of New Jersey.

Healthscope says Brookfield finalising due diligence

21 Jan 2019 - Healthscope (ASX:HSO) says takeover suitor Brookfield is in the process of finalizing its due diligence and intends to submit a fully documented, fully financed bindi…

Treasury Wines announces departure of Chief Operating Officer

21 Jan 2019 - The Chief Operating Officer of Treasury Wines, (ASX:TWE) Robert Foye has made a speedy departure following a breach of the company's internal policies.

Sandfire puts rumors to rest, confirms talks with MOD

21 Jan 2019 - Copper producer, Sandfire Resources (ASX:SFR) has responded to media speculation regarding a potential takeover offer by the company to the board of MOD Resources.

Sims expects 1HFY19 earnings around $110m

21 Jan 2019 - Scrap metal recycling company, Sims Metal Management (ASX:SIM) expects first half FY19 underlying EBIT of about $110 million.

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